Toshiba Corp plans to gradually unwind its 40per cent stake in Kioxia Holdings after the world's second-largest flash memory chip firm lists its ...
Toshiba Corp plans to gradually unwind its 40per cent stake in Kioxia Holdings after the world's second-largest flash memory chip firm lists its shares in an IPO later this year, two people familiar with the matter said on Saturday.
The Japanese industrial conglomerate is considering distributing about half or more of after-tax proceeds from the sale back to shareholders, the sources told Reuters, asking not to be identified because the matter is private.Toshiba said in a filing with the Tokyo stock exchange on Saturday that it was considering various possibilities for shareholder returns, such as the handling of assets and reviewing its portfolio.
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